GE Capital will halve $80 billion commercial real estate portfolio

06/7/2010 | Wall Street Journal, The

GE Capital plans to cut by half its $80 billion commercial real estate holdings, said CEO Mike Neal, who cited the portfolio's eroded value of nearly 40%. "We're probably largely through just the free fall in asset values," he said. Real estate, though, is "not out of the woods yet." The company plans to focus its remaining real estate operations on loans.

View Full Article in:

Wall Street Journal, The

Published in Brief: